Sunwoda EV Battery Unit Valued at Over 30 Billion Yuan as Li Auto Invests 2.65 Billion to Become Second-Largest Shareholder

M&A · Partnership
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Summary · why it matters

On September 4, Sunwoda announced that its power battery subsidiary Sunwoda EV Battery completed a strategic financing round, with Li Auto investing 2.65 billion yuan for an 8.79% stake. Combined with its existing holdings, Li Auto's total shareholding reached 11.17%, making it the second-largest shareholder. After the financing, Sunwoda EV Battery's post-money valuation reached 30.145 billion yuan, while the parent company's stake was diluted from 26.38% to 24.06%, remaining the largest shareholder. On the same day, Xiaomi Auto announced a deep strategic partnership with Sunwoda, with its Pengcheng series models to be equipped with Sunwoda batteries on a large scale. Despite the backing of two major automakers, Sunwoda EV Battery still faces risks including profitability losses, quality control disputes, cooperation uncertainties, and equity dilution. Market reaction was muted, with the share price edging lower.

Impact on stocks 3

Electrification & Mobility▲ · 2 stocks
Li Auto Inc
2015
▲ PositiveCapitalrelevance

Li Auto invests 2.65 billion yuan for an 8.79% stake, becoming second-largest shareholder of Sunwoda EV Battery.

Xiaomi Corp
1810
▲ PositiveDemandrelevance

Xiaomi Auto announces deep strategic partnership with Sunwoda, with its Pengcheng series to use Sunwoda batteries on a large scale.

Others▲ · 1 stocks
Sunwoda Electronic
300207
± MixedCapitalrelevance

Sunwoda EV Battery completes financing with Li Auto investment, but faces profitability losses, quality disputes, and equity dilution; share price edged lower.

Theme Impact 2

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